fbpx Skip to Content

Red Lobster

Winston Salem, North Carolina

Map View

Street View

NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 1690 Westbrook Plaza Dr., Winston-Salem, NC 27103. The site consists
of roughly 8,292 rentable square feet of building space on an estimated
2.49-acre parcel of land. This Red Lobster is subject to a 25-year Triple Net
(NNN) lease, which commenced 12/23/2014. The current annual rent is
$417,893 and has scheduled increases of 2.00% Annually.

Investment Highlights:

  • Strong Rental Increases | 2.00% Annually In Base Term and Options
  • Long Term NNN Lease | Original 25 Year Lease With Approximately 15.4 Years Remaining
  • Affluent Community | Average Household Income within a Five-Mile Radius Exceeds $78,000

Key Details

Cap Rate:
Annual Rent:
1690 Westbrook Plaza Dr, Winston Salem, North Carolina 27103
Property Type:
Restaurant - Casual Dining
Lease Type:
Triple Net (NNN)

Original Lease Term:
Lease Commencement:
Lease Expiration:
Rental Increases:
2.00% Annually
Lot Size:
2.49 Acres
Building Size:
8,292 SF
Year Built:
Red Lobster

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Robert Stein

License: 10401341647

Andrew Darby

Broker of record

Brian Brockman

Bang Realty-North Carolina, Inc

License: 298998

Similar Properties


Twin Peaks

580 American Way, Winston Salem, North Carolina, 75160


Twin Peaks

3702 W University Drive, Winston Salem, North Carolina, 75071


Take 5 Oil Change

4541 Garth Rd, Winston Salem, North Carolina, 77521


Advance Auto Parts

1210 Paterson St, Winston Salem, North Carolina, 13669